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Posted on May 19, 2024

A company needs to have $ 1 0 0 , 0 0 0 in the bank for an expected capital expenditure in 5 years. How

A company needs to have $

100, 000

in the bank for an expected capital expenditure in

5

years. How much money should the company invest today with an expected rate of return of

10 %

compounded semi

-

annually?

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